Trading is a Giant Scam!

It's humorous to read these occasional posts from guys that just couldn't cut it trading. My suggestion is to start www.WishIWasEliteTrader.com and you guys can pat each others' backs about what a scam the markets are.

...we'll very interesting...what do you think?....very surprising...yes, very surprising...I would really take this to heart as you are beginning to trade emini's...of course this is my opinion...what do all of you think???

I agree, maybe there is some frustration in me, but I am so damn determined to learn the markets and make my living off them.. I trade commodity futures(mini euro and mini crude) and I have great days, but today the market is just going against my anticipations. Would you share some of your experiences on this thread to let others and I included know how you got exactly to where you are today? cheers

More...

You have just contradicted yourself saying that you cant win at this but yet you are trying?

Guys, I have to be honest here. I don't think trading is a lucrative business and here is why most people lose at trading.

The markets ARE very random and they cannot be predicted. Nobody knows who is buying what and when so you are working off what data is given to you.

I can tell you so many people on ET have probably lost their entire savings trying to make big money in the markets to only soon find all their money given back. Sad it is, but that is the nature of the markets.

Spydertrader makes you think he knows what he's talking about, but he himself and old man Hershey cannot guarantee you the success like they like to make you try and think.

So, for anyone that is new in the markets, I would just suggest give it up and try something else like working a regular 9-5 job. They are 9-5 fixed income for a reason. Stability.

...we'll very interesting...what do you think?....very surprising...yes, very surprising...I would really take this to heart as you are beginning to trade emini's...of course this is my opinion...what do all of you think???

be encouraged with this...seriously...
Hey all,
WOW!...look at this...the least risky emini to trade is the...)drum roll please :eek: )...the NQ emini Nasdaq...let me explain...I am basing this off the ATR average true range per day and potential loss of 1 contract traded per day...
Okay here we go:

MOST RISKY: ER2...ATR is 10.67 and (greatest)loss would be $1,067

VERY RISKY: ES...ATR is 11.63 and (greatest) loss would be $581.50

RISKY: YM...ATR is 98 and (greatest) loss would be $490.00

LEAST RISKY: NQ...ATR is 21.39 and (greatest) loss would be $427.80

...we'll very interesting...what do you think?....very surprising...yes, very surprising...I would really take this to heart as you are beginning to trade emini's...of course this is my opinion...what do all of you think???

Man this sounds so freakin' familiar. Oh yeah, I just ranted the same thing to my dog last week. To some the markets are indeed impossible. I bet at times this is even the case with seasoned traders. I know of no other business where the monetary, time and psychological cost are so damn high. For better or worse that the game.

Learning how to trade fits perfectly with what my father used to say. "It doesn't matter how many times you get knocked down; only how many times you get back up" For the past three years and the time being I choose to get back up.

r u serious do you also believe were not alone in the universe this is just plain and simple insanity. dont blame an industry for your failure to capitilize on it.
you either got what it takes or you dont or your willing to learn.
or your none of the above. get some class and say hey i didnt make it i was outsmarted by others.
common sense would tell you theirs too sides to every transaction. your loss is someonelses gain so nothings as one sided as your opionon. stop blaming the market and jump back on the wagon and give it another go this time try harder make unemotional desicions.